Judge Rejects Paul Weiss Partner’s Bid to Revisit His Divorce Pact After Madoff Loss
A Paul Weiss partner who lost millions of dollars as a result of Bernard Madoff's massive Ponzi scheme cannot force his ex-wife to "shoulder her share" of the losses, a New York judge has ruled. As part of a 2006 equitable distribution agreement, Steve Simkin claims he paid Laura Blank some $2.7 million, which he considered her fair share of their Madoff investments. After Madoff's arrest, Simkin attempted to redo the agreement, claiming it had resulted in a "windfall" for Blank.
